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Profit-maximizing outputs under competitive and monopoly

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Reference no: EM132445049

Problem: A firm's inverse demand function is p=400-4Q , C=500+200Q

a) Find the profit-maximizing outputs under competitive and monopoly market;

b) Find the profit-maximizing prices under competitive and monopoly market;

c) Find the maximum profit under competitive and monopoly market;

d) Whether the firm shut down in the short run under competitive and monopoly market?Why?

e) Find the dead weight loss.

Reference no: EM132445049

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